morning Good everyone. Scott. Thanks,
I entirely dive organic. into want quarter, be that remind everyone Before results our to will the I
we and total our If caused year some and adjustments revenue last ASC recall, revenue between that XXX you instituted XXX organic calculation.
We all at revenue considered have time. be organic base adjustments should our comped those and this
material November ASC assets impact impacted or On up no adopted primarily net on Topic The This we X, also XXX lease adoption income grossing flow. regarding cash the had and adoption liabilities. sheet, accounting. both balance
result of Business were segment on segment, revenues primarily which fiscal our Technical by retention. Total lower revenue, XXXX for and $X.X by was Aviation offset partially billion, X.X%. Now results. Industry the a Solutions the was as to primarily & Revenue driven quarter lower up
$X.XX driven The significant was On or first the by year a income compared quarter fiscal year versus and benefit year. negative saw diluted per from share million a in to We $XX favorable this $XX.X continuing of self-insurance $X.X million GAAP to our last compared primarily basis, or was operations $X.XX million development year million of last XXXX. adjustment. impact $X prior a increase
a most B&I. per increased our basis, from mix or a operations to adjusted of GAAP year. the $X.XX or reflect income for compared $X.XX to an income by and continuing quarter million continuing for diluted On last million led adjusted operations $XX.X $XX.X margin across basis, quarter from On segments, share the higher
We lower investments as and expense. our in amortization a results HR sales, were by ongoing These saw also offset infrastructure interest lower partially as well IT.
of we $XX.X During X.X%. rate approximately a generated margin of EBITDA the million adjusted quarter, for
another as I was XXXX, our will results. light about their our had across of good mind, quarter last the impacted results B&I in year. throughout by strong last now concept performance, revenue our in of rate retention talked heavily we year. we in discuss expected, a segment Keep particularly majority segments
exceeded $XXX were last of expectations. our revenues than lower these internal results While million year, slightly
million losses. margin strategically profit from X.X% year. benefited expanded This operating for some accounts X.X% for compared led We quarter expansion and of with $XX.X to last margin delayed to the also to rate higher a national
the segments. integrate decision the being to also favorable into of we overall, healthcare In impact mix addition positive continue the to primarily our division see to
seeing are branch areas B&I productivity quarter. variety leverage network. improvements and during we across a non-acute the of Sports good business pricing, entertainment in acute our We saw as activity also as for and extensions the growth contract both margin and such
for exit versus versus million contract million $XXX unprofitable profit. Operating new U.K., of year. $XXX at Business airports million operating was along drove mix, of including revenues a $X.X margins million profit last quarter last reported in year. higher the the Aviation large with $X.X wins the
other with occurring concerns coronavirus for reiterating in Aviation, are given our but our vigilant environment. we are segment the macro we segments, the with year this broader being to its As full particularly expectations vulnerability operating
a for million of Technology & revenues an operating $XXX profit $XX.X rate reported of with margin X.X%. Manufacturing million of
a saw including food we due clients, production in While reserves revenue facilities. and payment expectation met the cycles to wins longer certain across due from T&M to channels, slight uptick our all high-tech
at as in extensions and price year-over-year a Education expenses Currently, $XX.X million year. to we that we upcoming was operating labor new environment. million face million laser-focused flat Revenue $XXX the on profit Lower essentially ongoing with well increase are and pursue our continue escalations. related teams versus in amortization season offset as the result the business, the last as of selling labor $XX.X as
energy our Solutions Offsetting a a for U.K. for as bundled our an performance Technical mechanical includes the projects. of XXXX was attributable versus power million, year $XXX up compare certain reported Finally, results quarter. provided which and contracts this of easier segment’s was to in Growth in business. within last revenues XX.X% solutions of increase some loss tailwind our these business, strong record
million profit last for of rate $X.X margin a the $X.X million year was quarter Overall, compared X.X%. operating at to
they this due As $X.X year expense of was million expected, the last of adoption amortization XXX. commission ASC to were given capitalized higher year by
mix our reflect last Solution also Operating related winning our segments. relatively strategy margins margins profit year remain included of profile. the a and as margin highest job and higher across broader across Technical range among volume
certain to due know, the lowest first of year Turning timing our you is capital of fiscal to typically requirements. working cash liquidity, flow and the the as quarter quarter cash
ratio this quarter As times. debt the quarter. of credit ended cash X.XX letter standby negative total of We $X leverage including and was of billion a adjusted flow such, with bank
availability had In QX, January did under any we and of program. remaining million shares, XXXX, not share purchase our of as repurchase XX, $XXX we
M&A. our overall including to consideration taking program repurchases uses all continue and of manage will into capital cash We allocation share
directors cash common release, During to the of quarter, we paid quarterly for per our of dividend cash our earnings $XX.X board quarterly share consecutive a dividend. consecutive stockholders. XXXth $X.XXX as XXXth stated total approved our distribution our And in million of
Finally, XXXX. fiscal our as financial you saw, we are outlook reiterating for
additional QX like Although some based there our are no developments results. changes, on provide QX including in context I’d to
the earnings during half some longer weighted us quarter, will we Given originally be expected. benefited client the on cadence In believe quarter, been the extended than losses expected, back our which performance have modestly. less than of originally transitions
new contemplates Having granted. for new client said the from of the uncertainty operations that, overall higher in during buying back Solutions at no than of many strategy material half achievement continued include largest or our higher equal including of timing for These business. the on last or variables point, to the our the of that year shouldn’t the second take this half and season, the education, momentum impact performance critical coronavirus And Technical we year, delivery demand. the traction retention, sales
extra in one historically represented working of everyone labor to like million roughly expense. an in working $X working also has I’d less day QX. day see Each we and will QX day that remind
we to compensation award. XX% to tax items of Credit as does include continue tax the Opportunity rate stock-based XXXX. taxes, Tax effective Moving and the the discrete such impact expect tax The rate Work not for tax
XXXX. we XXXX compared previously $X.XX million fiscal approximately $X to million be believe this shared, $X.XX we’ve will $X impact or in As or in
wanted immediately in our Almost following Congress But for by year. everyone December, QX was the to WOTC guidance expansion. extended I our contemplated earnings already that another call remind formally
we So our operating momentum positively started across to year summarize, segments. all good with the
our business dynamically continue sustain progress. will to We manage our to
Operator, now ready for we questions. are
